Question

On 4 February 2010 a company issued a bond with a face value of $250,000 that matures exactly 25 years later. The coupon rate is 8% p.a. compounded half-yearly. What is the bond's value on 4 February 2021 assuming the market yield is 5% p.a. compounded half-yearly. Group of answer choices $293,840.92 $187,513.51 $324,868.33 $324,239.81 $199,648.89

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Hermann

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$324,868.33

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